Crypto Trader Turned $3K Into $73M Trading PEPE
Release: 2024/12/10 15:56 Reading: 566
Key Points
- A crypto trader realized a 24,656x return on their investment by trading PEPE, turning an initial $3,000 into $73 million.
- PEPE reached a new all-time high (ATH) on December 9th, boasting a market capitalization exceeding $11.8 billion.
Crypto Trader's Remarkable Success
According to Lookonchain data, the trader acquired over 4.9 trillion PEPE coins on April 15, 2023, with an initial investment of around $3,000.
Over time, they strategically sold PEPE, cashing out over 3 trillion coins for a profit of more than $27 million. At the time of reporting, the trader still held 1.88 trillion PEPE coins, valued at approximately $45.6 million, bringing their total return to an impressive $73 million.
PEPE's Surge to ATH
On December 9th, PEPE surged to a record ATH, with a market cap reaching $11.85 billion. The memecoin has since experienced a slight dip, currently standing at a market cap of $10.6 billion.
PEPE's recent rally commenced on November 13th, propelled by renewed interest in the memecoin.
About PEPE
PEPE is an Ethereum-based memecoin that pays homage to the popular internet meme, Pepe the Frog.
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